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HOUSTON—Gary Strahan, a significant shareholder in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), recently sold a portion of his holdings in the company. The sale comes as MSAI trades near its 52-week low of $0.70, having declined 67% over the past year. According to a filing with the Securities and Exchange Commission, Strahan sold a total of 27,000 shares over two days.
On June 9, Strahan sold 20,000 shares at a weighted average price of $0.7178 per share. The following day, he sold an additional 7,000 shares, fetching an average price of $0.7203 per share. The total value of these transactions amounts to $19,398. While the company isn’t currently profitable, InvestingPro data shows analysts expect MSAI to turn profitable this year.
Following these sales, Strahan maintains ownership of 5,982,438 shares directly and 305,079 shares indirectly through a trust managed by his wife, Jill A. Blashek. Track insider transactions and access 13 additional key insights about MSAI with an InvestingPro subscription.
In other recent news, MultiSensor AI Holdings, Inc. announced the results of its 2025 Annual Meeting of Stockholders, where several key proposals were approved. The election of directors saw Margaret Chu, Stuart V Flavin III, Daniel Friedberg, David Gow, and Petros Kitsos elected to serve until the 2026 meeting. Stockholders also ratified Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2025. Additionally, an amendment to the company’s 2023 Incentive Award Plan was approved, increasing the number of shares reserved for issuance.
In leadership news, MultiSensor AI appointed Mr. Akram as the new CEO and President, effective June 23, 2025. Mr. Akram brings extensive experience in SaaS, industrial IoT, and data-driven technology platforms, previously holding significant roles at Accenture (NYSE:ACN), KPMG, and Honeywell (NASDAQ:HON). This leadership change is part of MultiSensor AI’s strategy to drive strategic growth and expand its market presence.
Furthermore, MultiSensor AI launched its new e-commerce platform, the "CBM Superstore," offering a range of industrial sensors and software. This move is designed to enhance accessibility to the company’s products, supporting its strategic shift towards software-based solutions. The platform aims to provide actionable insights through the integration of sensors and AI-driven software, aligning with MultiSensor AI’s goal of minimizing downtime and extending asset life.
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